Churchill Mining plc 02 December 2005 CHURCHILL MINING PLC PLACING RAISES GBP550,000 Churchill Mining plc (AIM-CHL) is pleased to announce that it has placed a total of 22,000,000 ordinary shares at 2.5 pence per share to raise gross proceeds of GBP550,000. Net proceeds to the Company from the placing after commissions will be GBP 533,500 and will be used for general working capital purposes. The shares rank pari passu with all other shares and application has been made for the shares to be admitted to the AIM from the commencement of trading on 7 December 2005. For further information, please contact: Churchill Mining plc Paul Mazak/ James Hamilton Tel: +61 (0)8 9388 0377 Joint Managing Directors Ruegg & Co. (AIM Nominated Advisor) Brett Miller Tel: +44 (0)20 7584 3663 Midas Investment Management Mark Sheppard Tel: +44 0870 121 445 This information is provided by RNS The company news service from the London Stock Exchange